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EX-Dividend Schedule: Waddell & Reed Financial as a Dividend Yield of 4.57%; will Trade Ex-Dividend on January 10, 2018

LONDON, UK / ACCESSWIRE / January 09, 2018 / Active-Investors has a free review on Waddell & Reed Financial, Inc. (NYSE: WDR) following the Company's announcement that it will begin trading ex-dividend on January 10, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 09, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on WDR:

www.active-investors.com/registration-sg/?symbol=WDR

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On October 23, 2017, Waddell & Reed's Board reduced the quarterly dividend on the Company's Class A common stock to $0.25 per share, payable on February 01, 2018, to stockholders of record as of January 11, 2018. The Company stated that the decision was taken to provide greater financial flexibility to invest in its business, maintain a strong balance sheet, and continue to provide a competitive return to stockholders.

Waddell & Reed's indicated dividend represents a yield of 4.57%, which is substantially higher compared to the average dividend yield of 4.31% for the Financial sector. Before the announcement, the Company has raised its cash dividend for seven consecutive years.

Dividend Insight

Waddell & Reed has a dividend payout ratio of 64.1%, which indicates that the Company spends approximately $0.64 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Waddell & Reed is forecasted to report earnings of $1.69 per share for the next year, which is substantially above the Company's annualized dividend of $1.00 per share.

As of September 30, 2017, Waddell & Reed's cash and cash equivalents totaled $225.92 million compared to $555.10 million as on December 31, 2016. For the three months ended September 30, 2017, the Company's cash provided by operating activities totaled $20.68 million compared to cash used in operations of $86.43 million for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Waddell & Reed

On November 27, 2017, Waddell & Reed announced that Henry J. Herrmann, Chairman of the Board, will retire from the Company's Board of Directors on the date of the Company's annual meeting of stockholders in April 2018. The Board of Directors has appointed Thomas C. Godlasky, an independent director of the Company since July 2010, to succeed Herrmann as Chairman of the Board in 2018.

Herrmann retired as Waddell & Reed's Chief Executive Officer in August 2016 after 45 years of service with the Company, but remained non-executive Chairman of the Board. He has been Chairman of the Board since January 2010 and a director since March 1998.

About Waddell & Reed

Waddell & Reed, founded in 1937, is one of the oldest mutual fund complexes in the United States. The Company through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The Company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

Stock Performance Snapshot

January 08, 2018 - At Monday's closing bell, Waddell & Reed's stock marginally advanced 0.59%, ending the trading session at $21.99.

Volume traded for the day: 785.16 thousand shares.

Stock performance in the last month – up 3.39%; previous three-month period – up 10.12%; last six-month period – up 11.40%; and past twelve-month period – up 8.17%

After yesterday's close, Waddell & Reed's market cap was at $1.83 billion.

Price to Earnings (P/E) ratio was at 15.74.

The stock has a dividend yield of 4.55%.

The stock is part of the Financial sector, categorized under the Asset Management industry. This sector was flat at the end of the session.

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